COVIELLO PHILIP E JR 4
4 · GETTY REALTY CORP /MD/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Getty Realty (GTY) Director Philip E. Coviello Jr. Receives RSU Award
What Happened
Philip E. Coviello Jr., a director of Getty Realty Corp. (GTY), was granted 7,000 restricted stock units (RSUs) on 2026-03-02. The Form 4 records this as a derivative award (Code A); no purchase price is reported and the RSUs were received for no consideration.
Key Details
- Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (appears timely).
- Transaction type/code: Grant / Award (A).
- Amount: 7,000 RSUs (derivative units). Price/value: N/A; received for no consideration (Footnote F3).
- Vesting/settlement: RSUs vest ratably over 5 years starting on the first anniversary of the grant; may accelerate on death or certain terminations and may vest on retirement at the Compensation Committee’s discretion. RSUs are settled in either one share of common stock or cash (discretion of the Compensation Committee) within 30 days after each vesting date (Footnotes F1–F2).
- Shares owned after transaction: Not specified in the provided filing.
- No 10b5-1 plan, tax-withholding details, or sale/exercise noted in the filing.
Context
This is a compensation award (RSUs) to a director, not an open-market purchase or sale. RSUs are a promise of future shares or cash upon vesting and do not represent immediate share ownership or a direct market sentiment signal.
Insider Transaction Report
Form 4
COVIELLO PHILIP E JR
Director
Transactions
- Award
Restricted Stock Unit
[F1][F2][F3]2026-03-02+7,000→ 74,500 total→ Common Stock (7,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit (RSU) is settled at the discretion of the Compensation Committee in one share of common stock or in cash in an amount equal to the fair market value of one share of common stock on the settlement date noted in Footnote (2) below.
- [F2]RSUs vest ratably over 5 years commencing on the 1st anniversary of the grant date, subject to continued service with the Issuer on each vesting date, except that to the extent unvested, RSUs fully vest upon death or upon termination of service for any reason other than the Reporting Person voluntarily electing to resign from the Board, voluntarily electing not to stand for re-election, or being involuntarily removed from the Board (excluding a failure to be re-elected by the stockholders). RSUs may also vest in the discretion of the Compensation Committee upon retirement from the Board, subject to the terms of the Issuer's Third Amended and Restated 2004 Omnibus Incentive Compensation Plan and the applicable grant agreement. RSUs are settled in cash or common stock, in the discretion of the Compensation Committee, within thirty (30) days following the applicable vesting date.
- [F3]The RSUs were received by the Reporting Person for no consideration.
Signature
/s/ Philip E. Coviello|2026-03-03